10/11, 7:04 PM (Source: TeleTrader)
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US oil rig count up by two to 712 - Baker Hughes

The number of oil rigs in the United States increased by two to 712 in the week ending October 11, according to Baker Hughes' rig count released on Friday.

On the other hand, the number of gas rigs dropped by one to 143. The total number of facilities in the country reached 856. The number of US oil rigs is lower by 157 year on year.

In Canada, total rig count was 146, up by two from the previous week. The number of oil rigs slipped by three to 102, while the gas rigs count grew by five to 44. The oil rig figure declined by 25 in the previous 12 months.

Breaking the News / GA